Koshinski Asset Management Inc. Boosts Stake in Western Asset Municipal Partners Fund Inc. (NYSE:MNP)


Share on StockTwits

Koshinski Asset Management Inc. raised its position in Western Asset Municipal Partners Fund Inc. (NYSE:MNP) by 100.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 28,000 shares of the financial services provider’s stock after buying an additional 14,000 shares during the period. Koshinski Asset Management Inc. owned 0.29% of Western Asset Municipal Partners Fund worth $314,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. International Assets Investment Management LLC purchased a new stake in Western Asset Municipal Partners Fund in the 4th quarter valued at about $123,000. LPL Financial LLC purchased a new stake in Western Asset Municipal Partners Fund in the 4th quarter valued at about $152,000. Steward Partners Investment Advisory LLC increased its stake in Western Asset Municipal Partners Fund by 15.1% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 28,443 shares of the financial services provider’s stock valued at $425,000 after buying an additional 3,734 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in Western Asset Municipal Partners Fund by 6.8% in the 4th quarter. Janney Montgomery Scott LLC now owns 33,231 shares of the financial services provider’s stock valued at $497,000 after buying an additional 2,128 shares during the last quarter. Finally, BDO Wealth Advisors LLC purchased a new stake in Western Asset Municipal Partners Fund in the 4th quarter valued at about $538,000.

Western Asset Municipal Partners Fund stock opened at $15.50 on Tuesday. Western Asset Municipal Partners Fund Inc. has a twelve month low of $13.12 and a twelve month high of $15.86. The firm has a 50 day moving average price of $15.12 and a 200-day moving average price of $14.82.

The business also recently announced a monthly dividend, which will be paid on Tuesday, June 1st. Stockholders of record on Friday, May 21st will be given a dividend of $0.0475 per share. This represents a $0.57 dividend on an annualized basis and a dividend yield of 3.68%. The ex-dividend date is Thursday, May 20th.

About Western Asset Municipal Partners Fund

Western Asset Municipal Partners Fund Inc is a closed ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. The fund is co-managed by Western Asset Management Company. It invests in fixed income markets of the United States. The fund primarily invests in investment grade tax exempt securities issued by municipalities.

Featured Story: What is a good dividend yield?

Want to see what other hedge funds are holding MNP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Western Asset Municipal Partners Fund Inc. (NYSE:MNP).

Institutional Ownership by Quarter for Western Asset Municipal Partners Fund (NYSE:MNP)

Receive News & Ratings for Western Asset Municipal Partners Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Western Asset Municipal Partners Fund and related companies with MarketBeat.com's FREE daily email newsletter.